Market News
Fazekas: the consumption of foods produced in Hungary has increased
Date: 2014-03-10 12:20:48
The consumption of foods produced in Hungary has increased significantly, from 70 to 75 percent – Fazekas Sándor Rural Development Minister for said on Monday in Budapest, at the opening...
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Hungarian exports may grow by 2 to 2.4 percent this year
Date: 2014-03-10 12:11:46
The Hungarian exports will expand with 2 to 2.4 percent this year – the Minister of National Economy announced in Budapest on Monday, in the scope of a press conference....
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Reversed VAT against fraudsters
Date: 2014-03-10 12:00:45
Twice as much tax is cheated in the European Union annually, as Hungary's total GDP. In Hungary, three hundred billion HUF more losses in the budget occurred in 2012, due...
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The price of corn is on a semi-annual peak
Date: 2014-03-10 11:41:44
The price of corn increased to a six-month peak on Friday, after due to the Russian-Ukrainian conflict the demand for exported U.S. corn has significantly increased – Bloomberg writes. A...
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New support scheme to help sugar beet production
Date: 2014-03-10 11:40:44
The Ministry of Rural Development (VM) developed a support scheme to assist sugar beet production. The new support scheme provides the necessary budget for the conditions for the safe management...
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The Ministry of Agriculture is lobbying for acacia in Brussels
Date: 2014-03-10 11:20:21
Fazekas Sándor Minister of Rural Development wrote a letter to Environmental Commissioner last week, in order not to include white acacia on the list, that contains the non-native animal and...
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Entering the Russian market – with help from HITA
Date: 2014-03-10 11:15:22
In the Russian market HITA (Hungarian Investment and Trade Agency) offers various platforms to Hungarian enterprises that wish to find Russian partners. For instance we organise business meetings and trade...
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The Nébih seized counterfeit products
Date: 2014-03-10 11:00:02
The Nébih seized “excellent quality domestic” products made of meat from Slovakia and Chinese pepper. A registered a small producer was selling its products made of meat from Slovakia and...
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Monetary world
Date: 2014-03-10 10:03:27
In the first weeks of 2014 the Fed announced that it would reduce its bond purchases from USD 75 billion to USD 65 billion. The financial universe is about to...
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MOSZ: The Hungarian agriculture performs under its production potential
Date: 2014-03-07 12:00:34
The Hungarian agriculture performs under its production potential and still did not reach the level of 1989. It is about 80 percent of it. – Nagy Tamás, President of the...
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Breakfast with honey strengthens the importance of local products
Date: 2014-03-07 11:30:36
The family farming economic form needs government support all over the world: such stimulus measures are needed, such as infrastructure development, to create positive support system and to develop local...
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VM: there is no African swine fever epidemic in Hungary
Date: 2014-03-07 11:11:29
Currently there is no African swine fever epidemic in Hungary and the authorities are doing everything they can to keep the epidemic away – Kardeván Endre, chief veterinarian and Minister...
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The price of online cash registers was too high for the Romanians
Date: 2014-03-07 11:02:57
The Romanian entrepreneurs are upset, because they believe that a price increase will come after the installation of online cash registers. The Ministry of Finance estimates that installing the online...
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Sporty Friday after the Gluttonous Thursday
Date: 2014-03-07 11:00:36
Across the country, about a hundred gyms, exercise centers, swimming pools and other sports institutions are involved in the Sporty Friday action, in which the services are available on half...
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The retail momentum can remain this year
Date: 2014-03-06 12:38:10
Analysts expect stable growth in retail trade – Napi Gazdaság wrote. Compared to the previous months, the retail index has increased significantly in January. According to the datas of the...
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KSH: an increase in trade surplus last year
Date: 2014-03-06 12:00:50
Last year, exports amounted to 81.7 billion euros (24,244 billion HUF), while imports became 74.7 billion euros (22,154 billion HUF), so the trade balance surplus was 7 billion euros (2,090...
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The Most Attractive Employers of Hungary: one Hungarian owned company in the Top 10
Date: 2014-03-06 11:59:30
According to the joint research of Aon Hewitt and AIESEC Audi, Mercedes, Bosch, Microsoft, MOL, Coca Cola, Nestlé, IKEA, IBM, L' Oréal are the Most Attractive Employers in Hungary. The...
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FAO Director-General: 90 percent of the world’s food production is given by family farms
Date: 2014-03-06 11:55:37
Ninety percent of world’s food production is provided by family farms – José Graziano da Silva, the Director-General of UN’s Food and Agriculture Organization (FAO) told MTI on Wednesday in...
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Sports cards: twelve thousand users
Date: 2014-03-06 10:59:49
Since its introduction in 2010, more and more people are using sports cards every year with undiminished enthusiasm. Since then, more than 12,000 sports cards have been issued. The sport...
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For a more stable yield with Contivo™
Date: 2014-03-06 02:15:39
Tibor Czigány, managing director of Syngenta Kft. told at the Budapest launch of the Contivo™ programme that these days farmers have to do their work in a complex economic environment...
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Irrigation, planting orchards and mushroom cultivation – the renewal of gardening
Date: 2014-03-06 02:12:02
The fruit and vegetable sector can keep repeating last year’s excellent performance if the government’s latest plans are realised. Instead of the current HUF 600-billion product value HUF 900-1,000 billion...
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This is how categories can perform better
Date: 2014-03-06 02:07:22
These days category performance can only be improved temporarily if one relies on short-term examinations. Ever since the start of the economic recession the market has been changing faster. Nielsen...
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Hungarian FMCG experts abroad (Part 3)
Date: 2014-03-06 02:04:02
Zoltán Novák had already worked for several FMCG companies before he joined the Kraft Foods Hungária team (which is called Mondelez Hungária now). Since June 2012 he has been the...
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Fighting VAT fraud – the circle tightens
Date: 2014-03-06 02:00:10
Estimation is that each year HUF 130 billion is missing from the national budget as a result of VAT fraud in the food sector, due to the very high 27-percent...
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Export will be exempt from VAT even in case of delay
Date: 2014-03-06 01:57:04
A food company won a case at the European Court of Justice against the Hungarian state. The food manufacturer filed a lawsuit because the Hungarian state only recognised that export...
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We are scared of foreign workers
Date: 2014-03-06 01:53:56
At the end of 2013 the Randstad Workmonitor study revealed that Hungarians show a more negative attitude towards foreign workers than those living in Southern or Western Europe, despite the...
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Successful Young Franchise Partner of the Year
Date: 2014-03-06 01:41:51
Miha&Miha Nyelvstúdió Kft. joined the Katedra Language School Network in September 2011. Sarolta Miha acquired the franchise rights for Nagykanizsa and if compared with the turnover of the first 4...
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Franchise Partner of the Year
Date: 2014-03-06 01:38:59
In 2004 Zita Penczné Bölcskei took over the management of the then centrally operated Diego store in Baja. She ran the store with great success for 5 years before becoming...
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Online Media and Web Award
Date: 2014-03-06 01:36:00
Katedra Language School’s history goes back more than 20 years and the network launched a new website in 2013. The new web page meets the highest requirements of our age...
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Marketing Award
Date: 2014-03-06 01:32:52
BENU Pharmacies is Hungary’s biggest pharmacy chain more than 140 units. They were the first to use uniform product presentation methods already used widely in other retail channels, for instance...
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